India Launches Steel Import Monitoring System

India’s Commerce & Industry Minister Mr Piyush Goyal launched Steel Import Monitoring System to give advance information about steel imports to government and stake holders. The SIMS will provide advance information about steel imports to Government and stake holders including, steel industry, steel consumers to have effective policy interventions. In this system, the importers of…

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From the editor’s Desk – India’s Sustainability Leader Mr YPS Suri all set to Start Next Inning of life from October

With a missionary zeal to advocate and promote sustainability for protecting the planet with an appeal to consume less in every walk of life in alignment with National Mission to mitigate corrosion through sustainable solutions, Mr Yatinder Suri established, led and guided the chosen team for the Indian subsidiary of Finnish stainless steel global leader…

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JSW Steel Moves NCLAT Over BPSL Assets

JSW Steel on September 13th 2019 challenged an order of the National Company Law Tribunal that approved its INR 19,700 crore bid for Bhushan Power and Steel, but did not provide immunity from attaching the insolvent firm’s assets, post-take over, by investigating agencies for recovering INR 5,580 crore fund digression by erstwhile promoters. Mentioning JSW…

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LIVE FUTURES REPORT 16/09: LME copper price sinks below $5,900 in afternoon downturn; nickel sell-off continues

The three-month copper price on the London Metal Exchange was lower at the close of trading on Monday September 16, below nearby support levels, while a continued sell-off in nickel futures saw that commodity’s outright price fall by 2.6%. Volumes traded in copper over the afternoon were moderate, with some 17,000 lots exchanged by the…

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